Supermarkets, fast cars, and protection insurance

'I would argue this is a perfect example of an efficiency gap'

clock • 3 min read

Why do advisers spend so much time on underwriting? Protection expert Paul Yates says while assessing risk is crucial, there must be more streamlined and effective ways to achieve it…

Life insurance isn't often compared to cars that travel at 200mph. One is very fast, the other usually isn't.   In Formula 1, cars represent the pinnacle of technology. Pit stops are action-packed and they're a critical part of the race. The engineering team conduct vital checks and refuel, worn tyres are replaced (or tactically swapped). Speed is of the essence and any wasted time, even milliseconds, can be the difference between winning and losing. Everyone has a clear role where speed and accuracy are essential. In many ways, it is the perfect blend of people and machine. In pro...

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